Category: Industry
Sri Lanka names Dilshan new skipper
April 18, 2011 (AFP) – Sri Lanka’s cricket authorities on Monday named big-hitting all-rounder Tillakaratne Dilshan as captain for the upcoming tour of England. Dilshan will lead the side in all three formats of the game — Tests, one-day internationals and Twenty20s — on the tour, Sri Lanka Cricket said in a statement. The 34-year-old, […]
Sri Lankan Airlines goes rural for cabin crew
Apr 18, 2011 (LBO) – SriLankan Airlines said it has hired young women from rural areas who will be given a chance to join the Sri Lankan national carrier’s cabin crew. “If chosen, they would go into the Cabin Crew Training Programme and would need to pass several tests before qualifying,” the statement said. Recruitment […]
Loan Profile
Apr 18, 2011 (LBO) – RAM Ratings Lanka has confirmed Bartleet Finance’s BBB- long-term rating and raised its outlook to stable from negative, a statement said. The rating agency also confirmed the short-term financial institution rating of Bartleet Finance (BFL) at P3. The revision of the outlook was prompted by the improvement in the profile […]
Lucky Thirteen
Apr 18, 2011 (LBO) – Sri Lanka’s Commercial Bank has been chosen as the ‘Best Bank in Sri Lanka’ for the 13th successive year by the Global Finance magazine. It chose winners through a broad-based assessment of growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products, a bank statement said. Commercial […]
IPL reignites country or club debate
NEW DELHI, April 16, 2011 (AFP) – A Sri Lanka cricket board demand that national players involved in the Indian Premier League (IPL) return to prepare for an England tour has reopened the long-running club versus country debate. Eleven Sri Lankan cricketers are playing in the money-spinning IPL, including Tillakaratne Dilshan, who is likely to […]
Mumbai lose despite Tendulkar century
MUMBAI, April 15, 2011 (AFP) – Brendon McCullum and Mahela Jayawardene hit robust half-centuries as Kochi Tuskers Kerala posted an eight-wicket win over Sachin Tendulkar’s Mumbai Indians in the Indian Premier League (IPL) on Friday. Skipper Tendulkar hammered an unbeaten 100 off just 66 balls for his maiden IPL hundred to help his side reach […]
Freight Factor
Apr 15, 2011 (LBO) – Increased freight transport has helped Sri Lanka’s state-owned railway department sharply reduce losses in 2010, according to the central bank. “The railway network coverage, reliability and the service delivery should be improved in line with the emerging transport demand of the country,” the report said. It said the performance of […]
Bus Losses
Apr 15, 2011 (LBO) – Sri Lanka’s over-staffed state-run bus services lost 8.4 billion rupees in 2010, up 4. 9 percent from the 8.4 billion rupees a year earlier, eating up billions of rupees of taxes extracted from the people from other means. There was no mention of depreciation charges. The SLTB owned 7,746 buses […]
Pakistan plans own version of IPL
LAHORE, April 13, 2011 (AFP) – Pakistan hopes to launch a new cricket league based on the lucrative Indian Premier League in a bid to win back its status as an international host, an official said on Wednesday. International cricket has been suspended in Pakistan since March 2009 when gunmen attacked a convoy carrying the […]
No Padding
SAN FRANCISCO, April 13, 2011 (AFP) – Figures released on Wednesday showed that the personal computer market shrank for the first time in more than a year due to frugality and a tablet computer craze led by Apple’s hot-selling iPads. “Instead, consumers turned their attention to media tablets and other consumer electronics. ” After Apple’s […]
” bra goes on sale: report
Apr 13, 2011 (LBO) – The world’s first ‘carbon neutral’ bra, made at an eco-friendly factory Sri Lanka that uses hydro electricity, is going on sale at Marks and Spencer (M&S), a UK based retailer, a media report said. Sri Lanka is a key supplier of lingerie to top global brands. The country’s top apparel […]
Sri Lanka left with $23 mln debt by World Cup
April 11, 2011 (AFP) – Sri Lanka Cricket said Monday it is saddled with a -million-dollar debt after cost overruns and hefty bills incurred building stadiums for the recent World Cup. “We spent a lot of money to host the World Cup, to build two stadiums and rebuild one stadium. The World Cup left us […]